Woodside Abandons Carteret-1 Well

Woodside Petroleum reports that the Carteret-1 exploration well, located in the Carnarvon Basin off Western Australia, has been plugged and abandoned. Carteret-1 reached a total depth of 3,515 meters. The Sedco 703 semisub is in the process of being released.

Woodside is operator of WA-4-L (oil assets) and holds a 33.34%. Other participants in WA-4-L (oil assets) are BHP Billiton Petroleum (North West Shelf) Pty Ltd. (16.67%), Chevron Texaco Pty Ltd. (16.67%), Japan Australia LNG (MIMI) Pty Ltd. (16.67%) and Shell Development (Australia) Pty Ltd. (16.67%).